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According to Peter Thiel, there are two kinds of strategies in business – one is copying what already works or horizontal / extensive progress. The other is doing completely new thing or vertical / intensive progress. This book is mostly about the latter path and hence the title going from Zero to One. Monopoly is good We have always been taught that competition is good. Businesses routinely compete fiercely with each other for the same markets. However, the message of this book is that competition is overrated. All great companies usually start not by competing with others but by doing completely new things. The become great by solving a “unique”…

Anything by Charlie Munger is pure gold and this speech is no exception. It is phenomenal and full of wisdom. In the first part, Charlie talks about elementary mental models from various disciplines and their application to investing and business. In the second part, he talks about the art of stock picking. I have read the speech multiple times and it deserves to be read in full and I would encourage everyone to do that. I have taken the liberty of highlighting a few portion of the speech which stand out for me. Enjoy! Full text of the speech Charles Munger, USC Business School, 1994 I’m going to play…